EURJPY Analysis:
EURJPY is falling from the horizontal resistance area in the 4-hour timeframe chart
After the confirmation of the Downward movement, the EURJPY Sell signal was given.
EURJPY update:
EURJPY tries to retest the Horizontal Resistance area, which leads to the SL price , EURJPY still has chances to correct from highs to reach the minor and major support levels again. Japan’s central bank is keeping interest rates at very low levels while the Federal Reserve and other central banks have been increasing its interest rates regularly.
Please note In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. Be patience and wait for the next good opportunity signal. We always want you to trade safe under all market conditions.
Don’t trade all the time, trade forex only at the confirmed trade setups.
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